AdaptHealth Corp. (NASDAQ:AHCO) Stock Position Raised by Moody National Bank Trust Division

Moody National Bank Trust Division grew its holdings in shares of AdaptHealth Corp. (NASDAQ:AHCO) by 29.6% in the second quarter, HoldingsChannel reports. The fund owned 81,551 shares of the company’s stock after buying an additional 18,607 shares during the period. Moody National Bank Trust Division’s holdings in AdaptHealth were worth $816,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of AdaptHealth by 4.3% in the third quarter. Vanguard Group Inc. now owns 8,656,553 shares of the company’s stock worth $78,775,000 after acquiring an additional 355,005 shares during the last quarter. Raymond James & Associates boosted its stake in shares of AdaptHealth by 42.9% during the 4th quarter. Raymond James & Associates now owns 15,785 shares of the company’s stock worth $115,000 after buying an additional 4,740 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in AdaptHealth by 30.9% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 43,065 shares of the company’s stock worth $314,000 after buying an additional 10,162 shares during the last quarter. Louisiana State Employees Retirement System bought a new stake in AdaptHealth in the 4th quarter valued at $298,000. Finally, Strs Ohio raised its stake in AdaptHealth by 19.2% in the fourth quarter. Strs Ohio now owns 79,400 shares of the company’s stock valued at $578,000 after purchasing an additional 12,800 shares in the last quarter. 82.67% of the stock is currently owned by institutional investors.

AdaptHealth Stock Down 0.3 %

Shares of AdaptHealth stock traded down $0.03 on Monday, reaching $10.97. The company’s stock had a trading volume of 1,763,172 shares, compared to its average volume of 1,042,533. AdaptHealth Corp. has a 52 week low of $6.37 and a 52 week high of $15.37. The company has a quick ratio of 1.11, a current ratio of 1.33 and a debt-to-equity ratio of 1.48. The firm’s fifty day simple moving average is $10.58 and its two-hundred day simple moving average is $9.77. The company has a market capitalization of $1.46 billion, a price-to-earnings ratio of -2.06, a P/E/G ratio of 0.76 and a beta of 1.10.

AdaptHealth (NASDAQ:AHCO) last released its quarterly earnings results on Tuesday, May 7th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.04). AdaptHealth had a negative net margin of 21.45% and a positive return on equity of 8.47%. The firm had revenue of $792.50 million for the quarter, compared to analysts’ expectations of $771.08 million. Equities analysts anticipate that AdaptHealth Corp. will post 0.82 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Truist Financial restated a “buy” rating and issued a $13.00 price objective on shares of AdaptHealth in a report on Wednesday, May 15th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $10.70.

AdaptHealth Profile

AdaptHealth Corp., together with its subsidiaries, sells home medical equipment (HME), medical supplies, and home and related services in the United States. The company provides sleep therapy equipment, supplies, and related services, such as CPAP and bi-PAP services to individuals suffering from obstructive sleep apnea; medical devices and supplies, including continuous glucose monitors and insulin pumps for the treatment of diabetes; HME to patients discharged from acute care and other facilities; oxygen and related chronic therapy services in the home; and other HME devices and supplies on behalf of chronically ill patients with wound care, urological, incontinence, ostomy, and nutritional supply needs.